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Reserve SBS Bank
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SBS Bank (Southland Building
Society) |
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(Southland Building Society) |
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Established in 1869, SBS Bank
(Southland Building Society) is New Zealand's largest building society and
is believed to be the only building society in the world to have achieved
bank registration while maintaining its mutual structure of being owned by
its members. SBS Bank officially received bank registration on October 7,
2008.
SBS Bank have an 18-strong network of branches that spans the country. The
Bank currently have branches in Invercargill (Head Office) and Windsor, Gore,
Queenstown, Cromwell, Dunedin, Timaru, Nelson, Blenheim, Hamilton, Tauranga
and Christchurch, which has three branches located in Ferrymead, Riccarton
and Papanui.
As a mutual building society, if you borrow, save or invest with SBS Bank,
you're known as a 'legal owner' or 'member.' Because the Bank don't have to
pay dividends, its primary obligation is to share the results of the success
with its members.
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SBS Bank offer a wide range
of banking services and products, including transactional banking, phone and
internet banking, investments, residential and commercial lending, managed
funds, agribusiness, consumer finance and insurance.
SBS Bank also has more than 320 sponsorships with organisations of all sizes
throughout New Zealand. The Bank are proud of its record of support for the
communities to which their members belong and from their perspective, it's
all about giving back to the community. |
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SBS Bank (Southland Building Society)
Category : Local Incorporated
SWIFT Code :
Address :
51 Don Street
Invercargill 9810
Telephone : 0800 502 442
Overseas : +64 3 211 0700
Website : www.sbs.net.nz |
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SBS Bank employs around 270 staff members who
are based in Head Office and across the retail branches throughout the
country (these figures do not include staff employed by SBS Bank's
subsidiary companies). SBS Bank are local incorporated and registered
under section 69 of the Reserve SBS Bank Act 1989. The
Reserve Bank has made reasonable efforts to ensure that the Bank is meet all
the requirements applicable to the Act 1989 as the bank concerned. The
Reserve Bank monitors registered banks’ compliance with banking supervision
policies, neither it nor the Government guarantees that a registered bank
will not get into difficulty or fail. As like other banks registered in New
Zealand, SBS Bank are required by law to disclose their financial condition
each quarter. |
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